Philippine Economy Talk

[minicarph]

Sa tingen ko madsming mag-close na Japanese resto na mag close, suddenly, hindi na sulit ang P400++ na ramen. Na soup lang naman talaga. Ewan ko ba kung baket dami nagpapaloko sa Jpanese food na yan. Na-try ko nga cup noodles na mura sa Japan halos pareho din naman Lasa.

Mga winner sa panahon na dadating, Mang Inasal would be one, Kasi unli rice. Actually dyan sinuwerte yun Injap Sia, yun pagbukas ng Mang inasal nun was timing sa 2008 finacial crisis. His food was gods gift to people na gusto mabusog, unli rice budburan na dami chicken oil, sob na.

What else. 7 eleven siguro will make it big time, yun roce toppings saka packed food nila patok na patok sa times ng crisis. And with Starbucks recent announcement ng price increase, gold mine ang P29 P39 P49 french vanilla, hot chocolate, capuccino ng City Blends brand ng 711.


And pf course others like Andoks , Baliwag. Malamang ubusan Na ng ihaw yan. I remmber back then. Kasasalang pa lang sa uling, pila na ang Andoks sa reservation

[Monseratto]

Nawala agad yung effect ng BSP rate rise...



Expect the PSA release of September inflation data on Friday...


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[Monseratto]

The DDS were spreading a comparison of gas prices worldwide... without comparing living standard that will put it in a better perspective.

So here is it with a comparison with the living standard.

[uls]

Nawala agad yung effect ng BSP rate rise...

dollar strength this time

check out the dollar index

[Monseratto]

dollar strength this time

check out the dollar index

At least the PhP is in good company...


Indonesian rupiah falls to record low amid rising pressures, SE Asia News & Top Stories - The Straits Times

[dreamur]

Above 7% inflation per ANZ Research. Talo si Glory na economist pa. Galing talaga ni tatay digs.

ANZ sees inflation hovering above 7% as storm damage stokes price pressures | BusinessWorld

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[Monseratto]

Consumers brace for high loan rates | Inquirer News

[leonleon]

Sa fastfood chain, kausap ko yung cashier na may motrosiklo.

Iyak na nga raw siya sa taas ng gasolina.

Dati 100 pesos na gas, good daw for 2 days.

Ngayon, yung 100 pesos daw niya na pang-gas, 1 day na lang.

[uls]

Consumers brace for high loan rates | Inquirer News

which is exactly the purpose of BSP's rate hikes

to make borrowing expensive --> slow down credit creation --> reduce amount of money money in circulation --> slow down inflation

the side effect is slower growth

[uls]

which is why the government's 7 to 8 percent growth target is no longer attainable

BECAUSE:

[A121]

which is why the government's 7 to 8 percent growth target is no longer attainable

BECAUSE:

The only bright point is that we've never achieved that kind of growth in the past. LOL.

[uls]

Moody's says Philippine economy may expand at a slower pace because of inflation but growth rate is unlikely to fall below 6% next year

World Bank cut 2018 growth forecast for the Philippines to 6.5%, 6.7% in 2019 and 6.6% in 2020

High inflation a risk to growth as it could dampen consumption and investment

me: lower


-------------------

[Woof]

^ Agree, lower indeed. At this point I worry if the Philippines' investment grade rating would be retracted... I've been realigning my portfolio strategy. Mahirap nang ma double whammy ng forex and capital loss.

[Monseratto]

[uls]

yes even if Dubai crude was 80 dollars back in 2014 USDPHP was 45 and below

USDPHP

[uls]

there was massive dollar liquidity in 2014

the Fed's QE program started in 2008

by 2014 the Fed has printed 4.5 TRILLION dollars

[uls]

part of that dollar liquidity flowed to EM like PH

the massive inflow of dollars drove up PHP value (remember USDPHP = 40?)

this time is soooooo different from 2014

the Fed is doing reverse QE

dollar liquidity is being sucked out of EM

[Monseratto]

Stock Market is setting for a sell-off tomorrow when PSA releases September inflation figures... If it's way off the BSP figures, expect to see bloody red all over.

PSE index

7,093.34
Down-117.53
Down-1.63%▼

[uls]

part of that dollar liquidity flowed to EM like PH

the massive inflow of dollars drove up PHP value (remember USDPHP = 40?)

this time is soooooo different from 2014

the Fed is doing reverse QE

dollar liquidity is being sucked out of EM

continuation:

tapos etong admin meron dollar-hungry build build build

wtf man

not now

not when there's dollar scarcity

[Dr. Strange]

continuation:

tapos etong admin meron dollar-hungry build build build

wtf man

not now

not when there's dollar scarcity

they need this projects for the SOP